XN000022-1996-08-22 — Page 19

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18

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Customs

"Customers have found speedpost convenient and reliable. documentation for speedpost items is simple and pick-up service for account customers covers all of Hong Kong, Kowloon and the New Territories.

"Furthermore, charges and delivery standards of Speedpost compare very favourably with the private couriers. Hence the speedpost service has continued to expand in spite of strong competition."

Enquiries about the service should be made to the postal services representatives on 2921 2277.

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1,957

0930

NIL

Closing balance in the account

1,940

1000

NIL

Change attributable to:

1100

NIL

Money market activity

+3

1200

+3

LAF today

-20

1500

+3

1600

+3

LAF rate 4.00% bid/6.00% offer TWI 123.9 *+0.0* 22.8.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.02

2 years

2808

6.00

99.86

6.17

1 month

5.02

3 years

3907

6.80

100.92

6.55

3 months

5.15

5 years

5106

7.23

100.89

7.13

6 months

5.27

7 years

7305

7.24

99.35

7.50

12 months

5.58

5 years M503 7.35

99.88

7.51

Total turnover of EF bills and notes - $6,732 million

Closed August 22, 1996

End